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Qian Yuan Baixing (Qian Yuan Baixing) Receivables Turnover : 1.75 (As of Sep. 2011)


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What is Qian Yuan Baixing Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Qian Yuan Baixing's Revenue for the three months ended in Sep. 2011 was $2.64 Mil. Qian Yuan Baixing's average Accounts Receivable for the three months ended in Sep. 2011 was $1.51 Mil. Hence, Qian Yuan Baixing's Receivables Turnover for the three months ended in Sep. 2011 was 1.75.


Qian Yuan Baixing Receivables Turnover Historical Data

The historical data trend for Qian Yuan Baixing's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Qian Yuan Baixing Receivables Turnover Chart

Qian Yuan Baixing Annual Data
Trend Aug06 Aug07 Dec08 Dec09 Dec10
Receivables Turnover
- - 11.83 9.29 7.70

Qian Yuan Baixing Quarterly Data
Nov06 Feb07 May07 Aug07 Nov07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.11 2.22 1.91 1.44 1.75

Competitive Comparison of Qian Yuan Baixing's Receivables Turnover

For the Shell Companies subindustry, Qian Yuan Baixing's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Qian Yuan Baixing's Receivables Turnover Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Qian Yuan Baixing's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Qian Yuan Baixing's Receivables Turnover falls into.



Qian Yuan Baixing Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Qian Yuan Baixing's Receivables Turnover for the fiscal year that ended in Dec. 2010 is calculated as

Receivables Turnover (A: Dec. 2010 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2010 ) / ((Accounts Receivable (A: Dec. 2009 ) + Accounts Receivable (A: Dec. 2010 )) / count )
=12.639 / ((1.425 + 1.859) / 2 )
=12.639 / 1.642
=7.70

Qian Yuan Baixing's Receivables Turnover for the quarter that ended in Sep. 2011 is calculated as

Receivables Turnover (Q: Sep. 2011 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2011 ) / ((Accounts Receivable (Q: Jun. 2011 ) + Accounts Receivable (Q: Sep. 2011 )) / count )
=2.642 / ((1.565 + 1.458) / 2 )
=2.642 / 1.5115
=1.75

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Qian Yuan Baixing  (OTCPK:QYBX) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.


Qian Yuan Baixing Receivables Turnover Related Terms

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Qian Yuan Baixing (Qian Yuan Baixing) Business Description

Traded in Other Exchanges
N/A
Address
601 Union Street, Suite 4200, Seattle, WA, USA, 98101
Qian Yuan Baixing Inc is a shell Company.

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